Jumbo Loans

Buy or refinance a home between $647,200 and $3 million more easily than ever.

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Who Are Jumbo Loans Best For?

Jumbo Smart loans are great for people who need to borrow up to $3 million to buy or refinance a home.

If you need a loan greater than the conventional loan limit in your area ($647,200 in most places, but up to $970,800 in high-cost areas), then our Jumbo Smart loan may be a good option for you.

How Do Jumbo Loans Work?

Jumbo loans, also called nonconforming loans, don’t conform to Fannie Mae or Freddie Mac’s purchasing standards.

Lenders determine jumbo mortgage rates based on your down payment amount, credit score and a number of other external factors.

Jumbo Loans are very similar to conforming loans as far as a process. As a result of the higher loan balances, they typically have slightly stricter qualifying guidelines and slightly higher rates.

How Do I Qualify For A Jumbo Loan?

  • Down payment greater than 10% (exact amount depends on loan purpose and property occupancy)
  • Minimum FICO® Score of 680
  • Debt-to-income ratio (DTI) of no more than 45%
  • 3% – 6% of the purchase price for closing costs

Can You Refinance An Adjustable Rate Mortgage Loan?

Yes, you can refinance an adjustable-rate mortgage. When interest rates are low, refinancing an ARM can give you the stability of the same monthly payment for years to come. Refinancing could also help you consolidate debt or pay off your mortgage faster. Apply online or contact our experts to get started.

Take the first step toward the right mortgage.

Apply online or over the phone. Our team at F5 Mortgage would love to help!

Apply For Your Jumbo Loan Today!

Jumbo Loan Benefits

  • Fewer requirements and a simpler process (compared to previous jumbo loans) make it easier to get a big loan.
  • Purchase a home with a down payment greater than 10%.
  • Unlike many conventional loans, no mortgage insurance is required, even when your down payment is less than 20%.
  • 30-year fixed Jumbo Smart loans are available for primary homes, second homes and investment properties, located on up to 20 acres. 15-year fixed and 7-year ARMs are only available on primary and second homes.
  • Jumbo Smart mortgages are offered with 15 and 30-year fixed interest rates or a 7-year ARM (adjustable-rate mortgage).
  • Jumbo Smart loans are available for both 1- and 2-unit properties.

Advantages Of Getting A Jumbo Loan From Us

  • Apply online and work at whatever pace is convenient for you.
  • Home Loan Experts are available via chat, email and phone to help you get the Jumbo Loan that’s right for you.
  • No prepayment penalties if you pay off your loan early.
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Our Clients Absolutely Adore Us

5/5 Star Reviews on Lending Tree, Google, and Zillow.

Awesome work. I enjoyed getting help with my loan through F5 Mortgage. Highly recommend to anyone who is looking for true experts.

Bryce LeonardGoogle Review

Excellent! I highly recommend F5 Mortgage team. Everything went very smoothly!

Alley CohenGoogle Review

Ryan and his team are amazing! I was pretty confused at the start of all this, but they helped me so much along the way.

Jason SmithGoogle Review

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